Case

A Contact has ordered 2500 thermal liquid cooler tanks from ACME Holding for his computer spare parts repair company. The customer can pay the payment by credit card, cash, promissory note, and check, but he has not decided yet. In addition, because this customer delayed several payments before, the customer exceeded the risk information and was asked to show a guarantor.

Preliminary Transactions

1. Create a contact or account member record for the customer to whom the installment sale will be made.
2. Create and save your product for the order in which the Installment Sale will be made.
3. Define payment methods.
4. Complete your case definitions.
5. Define departments and warehouses.
6. Complete your process definitions for the sales order.
7. Make credit card information and bank definitions.
8. If payments will be made by check and promissory note, define your transaction categories for check and promissory notes.

Main Transactions

1. Fill in the fields in the Customer Information tab completely.
2. Create an order.
3. Fill in the required fields from the payment tab.
4. Get full payment by Check
5. Get the full payment on 3 different promissory notes
6. Receive payment by Credit card.
7. Get paid in cash.
8. Get some of the payment by check, some of it by a promissory note.
9. Take part of the payment in cash and part by credit card.
10. If a guarantor is requested, register the member to be a guarantor to the system, or designate a registered member as a guarantor.
11. Save Order.
12. Issue a Sales Invoice to the Order.

Post-Transactions

1. If you have received the payment by a promissory note, check the notes of the current account on the Notes List page.
2. If you have received the payment by Check, check the checks of the current account on the Check List page.
3. If the payment was received by credit card, check the transfer transactions from the bank transactions page.
4. If the payment is in cash, check the cash account.
5. Check the Sales invoice and delivery note issued for the Sale in Installments.
6. Compare the Order Fulfillment report, invoice, and delivery note and check whether it gives consistent data.
7. Check the accounting movements and budget transactions of the invoice.

You can do study, training, developmental testing and learning activities on your own through the example case above.